N-Sea Awarded EUR 45 million of Contracts
Subsea provider N-Sea has announced that it secured major contracts to the value of EUR 45 million, during Q4 of 2017 and in early Q1 2018, providing a sound backlog for the coming season.
Known for its innovative work as an independent offshore subsea contractor, N-Sea’s expertise in the fields of UXO (unexploded ordnance) survey, ROV and tooling solutions, diving, and subsea maintenance and construction will be employed. These projects – which include UK east coast windfarm work, interconnector cable projects and German Baltic scopes – will be delivered with a variety of vessels on behalf of customers in the oil and gas, renewables and utilities sectors.
Commercial Director Gary Thirkettle says, “N-Sea continues to evolve, developing our expertise and assets to match the business mix in the new energy economy. While our oil and gas IMR proposition remains strong, we are delighted to see strong growth in other sectors and with a variety of new customers across our core European region. In addition to our European activity, 2017 saw several exciting and significant new projects further afield, in North Africa, West Africa and the Middle East. We will continue to seek out further opportunities for export of our expertise.”
The past two years have seen N-Sea extend core technology into a number of sectors and establish entities in Germany and the UAE. Strategic investment in people, equipment and vessels has been coupled with new and strengthened partnerships, and an increased commitment to award-winning technological innovation, via in-house and academic R&D. N-Sea specialises in subsea services for the renewable, oil and gas, and telecom/utility industries, as well as for civil contracting communities. With a focus on safe and efficient operations, N-Sea provides near shore, offshore and survey services to asset operators and tier 1 contractors.